Quote:
Originally Posted by dmek25
with the massive deficit we now face, any ideas on how to start paying on it? or is now the republican way to spend, spend, and spend some more, and let our grand-kids worry about it? lets face facts. no matter who gets into office, out taxes are going up. that's just a fact. i guess the real debate is who will raise them more
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Keep in mind the Congress is controlled by Dems and they're as much to blame as the Bush admin for the last few years of spending recklessness.
How about we freeze spending at current levels, pass a balanced budget ammendment, review and cut unnecessary/wasteful government programs, pass some sort of privitazation of a portion of SS, raise the age for maximum SS benefits for those under 45 up to 75 or whatever the curent life expectancy is. Any surplus goes to paying down the national debt. Interest on the national debt is 8.5% of our national budget.
SS, Medicare, Medicaid, Welfare and Unemployment are over 50% of the budget. These programs have to brought under control now or we're looking at MASSIVE tax increases by 2030. I'm sure this isn't what FDR intended when these programs were put in place.
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